Whitbread reports slowing sales, but Costa resilient - UPDATE

Whitbread saw both reported sales and like-for-like (LFL) sales slow down in the 11 weeks to February 16th, as strong growth at its Costa coffee shop chain was met with a more subdued performance at its hotels and restaurants.

Whitbread saw both reported sales and like-for-like (LFL) sales slow down in the 11 weeks to February 16th, as strong growth at its Costa coffee shop chain was met with a more subdued performance at its hotels and restaurants.

"Following the trend we highlighted in December, industry data has continued to show a soft hotel market in the UK, with a divergence in performance between London and the regions," said Chief Executive Andy Harrison. He said that the market RevPAR, or revenue per available room, in the regions has fallen by 3% in the fourth quarter so far, in contrast to a more robust performance in the capital.

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